Senate OKs bill extending foreign land lease limits

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The story "Senate OKs bill extending foreign land lease limits" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

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Senate OKs bill extending foreign land lease limits - Business Mirror

Quick Summary:

With only three session days before Christmas break, the Senate on Monday, December 16, 2024, approved on third and final reading several measures to improve the country’s prospect as an investment destination, spur economic growth, and create jobs.

The proposal will allow foreign investors to lease land for agriculture, agroforestry and ecological conservation purposes.“Attracting foreign investors has been a long-standing priority of the government, spanning several administrations.

On social justice, the Senate approved on final reading SBN 1273 or the Muslim Filipinos, Indigenous Peoples, and Other Denominations Access to Public Cemeteries Act filed by Sen.Robinhood Padilla.